Bon Secours - Richmond Health System Inc (EIN 521988421) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Phone

5139525000

Tax Period

2023-01-01 to 2023-12-31

Bon Secours - Richmond Health System Inc, founded in 1996, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.8B left a modest 11% surplus.

Mission

BON SECOURS-RICHMOND HEALTH SYSTEM EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. BON SECOURS-RICHMOND HEALTH SYSTEM DEMONSTRATES BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,884,429

Program Service Revenue $2,014,860,906

Investment Income $13,529,504

Other Revenue $11,316,888

TOTAL REVENUE $2,045,591,727

Expense Breakdown

Grants Paid $4,825,448

Salaries & Benefits $583,954,130

Fundraising Expenses $0

Program Expenses $1,656,214,005

Other Expenses $1,224,256,228

TOTAL EXPENSES $1,813,035,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,045,591,727	$1,889,841,622	+0.1%
Expenses	$1,813,035,806	$1,703,859,246	+0.1%
Net Income	$232,555,921	$185,982,376	+0.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

6852

Volunteers

1749

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,101,804

Total Directors

$4,068,463

Key Employees

$2,099,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman	2.0	Officer Director	$0	$0	$0
N/A	Vice Chair	2.0	Officer Director	$0	$0	$0
N/A	President/CEO - Richmond	48.5	Officer Director	$0	$278,229	$1,199,657
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	CHIEF SPONSORSHIP OFFICER	2.5	Director	$0	$13,452	$538,075
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Chief Clinical Officer, BSMH	2.5	Director	$0	$480,287	$2,330,731
N/A	Secretary, VP External & Regulatory Affairs	49.5	Officer	$0	$32,993	$309,359
N/A	TREASURER/CFO - RICHMOND	49.0	Officer	$0	$44,664	$592,788
N/A	CHIEF NURSING OFFICER - RICHMOND (End 10/23)	49.5	Key Emp	$0	$39,173	$457,119
N/A	CHIEF OPERATING OFFICER - RICHMOND	50.0	Key Emp	$654,760	$84,952	$739,712
N/A	Chief Clinical Officer - Richmond	50.0	Key Emp	$607,941	$40,554	$648,495
N/A	VP SERVICE LINE STRATEGY - RICHMOND	49.0	Key Emp	$229,705	$24,369	$254,074
N/A	Hospital President - SMH	50.0	Highest	$631,942	$64,284	$696,226
N/A	Cardiologist	50.0	Highest	$614,129	$46,849	$660,978
N/A	Hospital President - MRMC and RGH	50.0	Highest	$456,108	$36,496	$492,604
N/A	Hospital President - SFMC	50.0	Highest	$718,422	$58,095	$776,517
N/A	Chief Medical Officer of Ambulatory Care - Richmond	49.5	Highest	$446,141	$6,527	$452,668
N/A	FORMER CHIEF NURSING EXECUTIVE - RICHMOND	0.0		$0	$103,669	$641,578
N/A	Former Chief Clinical Officer - Richmond	0.0		$0	$118,966	$843,717
N/A	FORMER VP HR - RICHMOND	0.0		$0	$16,817	$162,123
N/A	Former Interim President - Richmond	0.0		$0	$13,264	$2,430,814

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$2,045,591,727	$1,813,035,806	No data	$232,555,921
2022	$1,889,841,622	$1,703,859,246	$2,650,091,746	$185,982,376
2021	$1,921,616,534	$1,614,896,795	$2,696,702,645	$306,719,739
2020	$1,640,556,189	$1,371,952,066	$2,583,959,912	$268,604,123
2019	$25,648,956	$33,509,270	$20,070,013	$-7,860,314
2018	$24,655,769	$31,084,543	$21,988,114	$-6,428,774

Bon Secours - Richmond Health System Inc